Electricity markets are currently going through a phase of agitating transition, which is mainly characterized by an … electricity markets, which are the starting point of the unique regulatory framework, an up-to-date overview of the debate on the …

-based electricity market model PowerACE to account for long-term uncertainties. This allows us to model capacity expansion planning from … study of the European electricity market. Our results show that assuming risk-averse rather than risk-neutral investors … leads to slightly reduced investments in dispatchable capacity, higher wholesale electricity prices, and reduced levels of …

In electricity markets around the world, the substantial increase of intermittent renewable electricity generation has … as electricity storage. In this article, we provide a rigorous theoretical discussion on design parameters and show that … particular, we can identify the bundling of capacity auctions with call options and the definition of the storage capacity credit …

about an adequate electricity market design. Against this background, we jointly apply an agent-based electricity market …. We find strong impacts of a German market splitting on electricity prices, expansion planning of generators and required … new power plant investments. Policymakers and regulators should therefore regularly re-assess bidding zone configurations …